The measures which Germany has implemented for SKET MAB, Magdeburg and the heavy machinery manufacturing operation of SKET SMM amounting to DEM 57,8 million are compatible with the common market within the meaning of Article 87(3)(c) of the EC Treaty and Article 61(3)(c) of the EEA Agreement. The relevant aid comprises:
(a) a grant by the BvS to finance working capital and capital assets (DEM 40 million);
(b) a grant by the BvS for the building-up of stocks (DEM 3,7 million);
(c) a loan for the heavy machinery manufacturing operation of SKET SMM and the waiver of repayment (DEM 4 million);
(d) a grant for the final phase of restructuring (approximately DEM 10,1 million).
The loan of DEM 3,6 million which Germany granted to SKET MAB and which was repaid by the investors in SKET MAB is compatible with the common market within the meaning of Article 87(3)(c) of the EC Treaty and Article 61(3)(c) of the EEA Agreement.
Germany shall submit a detailed annual report on implementation of the restructuring plan.
This Decision is addressed to the Federal Republic of Germany.
Done at Brussels, 20 July 1999.
For the Commission
Karel VAN MIERT
Member of the Commission
(1) OJ C 79, 14.3.1998, p. 4.
(2) OJ L 83, 27.3.1999, p. 1.
(3) OJ C 215, 19.8.1995, p. 8; OJ C 298, 9.10.1996, p. 2.
(4) OJ C 298, 9.10.1996, p. 2.
(5) OJ L 314, 8.11.1997, p. 20.
(6) OJ C 79, 14.3.1998, p. 4.
(7) State aid NN 67/97.
(8) State aid C 70/97.
(9) Aid to this firm was approved by the Commission in April 1999 (Case NN 125/97).
(10) Aid to this firm was approved by the Commission in May 1998 (Case NN 126/97).
(11) Aid to this firm was approved by the Commission in November 1998 (Case C 72/97).
(12) State aid C 16B/95.
(13) Aid to this firm was approved by the Commission in May 1998 (Case C 16C/95).
(14) Panorama of EU industry 1997, I-50.
(15) OJ C 368, 23.12.1994, p. 12.
